Sidus Space, Inc. announced that it has expanded its existing agreement with Lonestar Data Holdings Inc. to build and deliver a second StarVault orbital data‑storage payload. The new payload will be integrated into Sidus’s LizzieSat‑4 satellite and is scheduled for launch in fall 2026, adding a second node to Lonestar’s constellation and expanding the overall StarVault network.
The expansion increases the capacity, redundancy, and orbital coverage of the StarVault platform, which is marketed as the world’s first commercially operational space‑based sovereign data‑storage service. By adding a second payload, Sidus strengthens its partnership with Lonestar and positions itself as a key provider of space‑based data‑storage solutions, potentially opening a new revenue stream as demand for off‑planet data resilience grows.
Sidus is shifting its business model toward higher‑margin satellite manufacturing and data services. In 2025, the company reported full‑year revenue of approximately $3.4 million, a 28% decline from 2024, and a gross loss of about $5.7 million, resulting in a negative gross margin of –168%. Net loss for the year was $29.5 million. Despite these losses, Sidus’s cash position strengthened significantly after equity capital raises. The new contract with Lonestar signals confidence in the company’s higher‑margin strategy and its ability to secure recurring revenue from large‑scale space‑based services.
"The expansion highlights the strength of our engineering processes and our ability to support increasingly complex payload integrations," said Carol Craig, Founder and CEO of Sidus Space. "Sidus is designed to deliver scalable space hardware through proven manufacturing, integration, and mission execution." Steve Eisele, CEO of Lonestar, added, "Demand for off‑planet data security has exceeded expectations. With StarVault, we are not just launching a new category—we are scaling it."
Investors are focusing on Sidus’s execution on contracts and its strategic pivot toward higher‑margin services. While the company’s financial results for 2025 show a decline in revenue and widening losses, the strengthened cash position and the new partnership with Lonestar provide a positive outlook for the company’s ability to fund future growth and capitalize on the expanding market for space‑based data storage.
The agreement underscores the growing demand for sovereign data storage beyond Earth and highlights Sidus Space’s role as a key enabler of this emerging market. The company’s continued focus on high‑margin satellite manufacturing and data services positions it to capture a larger share of the space‑based data‑storage industry as the need for resilient, off‑planet data solutions intensifies.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.